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IMF: Iraq began to withdraw from its reserves
May 17, 2015
BAGHDAD / News Network Iraq announced the director of the Middle East and Central Asia Department at the International Monetary Fund Masood Ahmed, Sunday, that Iraq's request for financial assistance from the Fund, and as he emphasized that an agreement may be a loan of about $ 800 million in a matter of weeks, pointed out that Iraq He began to withdraw from Ahtaatyate.oukal Ahmed told the "Reuters", that "Iraq's request for financial assistance from the Fund," noting that "the competent committees in this regard will work in the coming weeks, we hope to reach an agreement relatively soon.
" He added Ahmed " It is likely to provide the loan through rapid funding mechanism will be relatively small at about $ 800 million, "explaining that" Iraq has begun to withdraw from its reserves and is likely to grow slightly economy after a contraction of 2.4 percent recorded in 2014.
"And, that" the Finance Minister Hoshyar Zebari Prime Minister Haider al-Abadi fully aware that there is problem, and are committed to finding a solution within the constraints they face ".
The paving the International Monetary Fund and the way to get Iraq on larger loans from the Fund pack when needed but such loans may require greater commitments on the economic policies adopted by .
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May 17, 2015
BAGHDAD / News Network Iraq announced the director of the Middle East and Central Asia Department at the International Monetary Fund Masood Ahmed, Sunday, that Iraq's request for financial assistance from the Fund, and as he emphasized that an agreement may be a loan of about $ 800 million in a matter of weeks, pointed out that Iraq He began to withdraw from Ahtaatyate.oukal Ahmed told the "Reuters", that "Iraq's request for financial assistance from the Fund," noting that "the competent committees in this regard will work in the coming weeks, we hope to reach an agreement relatively soon.
" He added Ahmed " It is likely to provide the loan through rapid funding mechanism will be relatively small at about $ 800 million, "explaining that" Iraq has begun to withdraw from its reserves and is likely to grow slightly economy after a contraction of 2.4 percent recorded in 2014.
"And, that" the Finance Minister Hoshyar Zebari Prime Minister Haider al-Abadi fully aware that there is problem, and are committed to finding a solution within the constraints they face ".
The paving the International Monetary Fund and the way to get Iraq on larger loans from the Fund pack when needed but such loans may require greater commitments on the economic policies adopted by .
[You must be registered and logged in to see this link.]
